As Obie mentioned, the basic difference is that they are two models with some design differences, but Ball has the movement in the Red Lable COSC certified. It's really a matter of what you like aesthetically.

I'm actually surprised to hear about the bracelet, and it seems strange that the bracelet came at a size under 8 inches (I'm assuming you don't have wrists larger than 8 inches). Off hand I don't know the price of a single link but new Ball bracelets are not relatively expensive compared to bracelets from other companies. But what I've learned in watches is that single parts--extra links, a replacement deployant, etc., can cost way more individually than when ordering a complete watch (or complete bracelet).

Post some photos of your watch when it arrives. The Red Label is very high on my radar for my next Ball watch.